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Mc Berhan Keffelew <br />Apri19, 2007 <br />Page 3 <br />2007 DBMS accepted the submittal of a rider to the Scotiabank Irrevocable Letter of <br />Credit in the amount of $100,000, bringing the total amount to $3,500,000. In addition, <br />Liberty Mutual Surety Bond No. 22013294 was increased to $7,922,271.21 on April 30, <br />2004. These financial instruments, providing a total financial warranty of <br />$44,753,871.21, have been accepted by the Division and continue to demonstrate the <br />sufficiency of the value of the Cresson Project Financial Warranty. <br />Per 2CCR 407-1, 407-4, and Rules 4.7(3), the insurance company's most recently <br />available balance sheets are attached, demonstrating that the Surety Bonds do not <br />exceed ten percent (10%) of the bank's capital surplus accounts. <br />Designated Mining Operation: <br />Per 2CCR 407-1, 407-4, and Rules 1.15(1)(c), monitoring information required as part <br />of the approved permit application and Environmental Protection Plan is routinely <br />submitted to the Division. <br />Please do not hesitate to contact me at (719) 689-4056 if you have any questions. <br />Sinc ly, <br />a Go drich <br />anager, Environmental Resources <br />Enclosures <br />cc: Paul Clarkson, Director, Teller County Community Development Services <br />